August 15, 2023/Oilprice.com Disappointing economic data out of China weighed on oil prices on Tuesday morning, with markets unsure if current government intervention is enough to rejuvenate the country’s economy. Chart of the Week – In the three months since Nigeria’s President Bola Tinubu scrapped the country’s $10 billion fuel […]

August 15, 2023/Coronation Research Last week was a stormy one for Nigeria’s financial markets, with extreme weakness in the parallel exchange rate of the Naira, the publication of the CBN’s audited accounts for the first time in several years (accompanied by reports of collateralised lending against the nation’s reserves), a […]

August 15, 2023/Cordros Report Before now, there have been divergent opinions on the actual state of Nigeria’s FX reserves, given that the CBN only publishes the gross FX reserves without comprehensive information on FX liabilities. However, the CBN’s 2022 financial statement has now allowed us to analyse the country’s international […]